AUD/USD Positioned for Growth; Eyes on US Job Data
The Australian Dollar (AUD) remains resilient as it trades in the 0.6520 area during early European trading. Buyers are showing interest following a softer US dollar. Market participants are cautious yet optimistic ahead of the US Jobless Claims report. Recent trends suggest that the AUD/USD pair may have room for upside despite previous lows. Investors are advised to watch economic indicators closely to gauge potential movements in the pair. Ultimately, the AUD could find support from improved data and market sentiment in the coming days.
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